CPT Earnings Prediction
The chart below shows how CPT performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CPT sees a -2.25% change in stock price 10 days leading up to the earnings, and a +0.65% change 10 days following the report. On the earnings day itself, the stock moves by +1.58%. This data can give you a slight idea of what to expect for the next quarter's release.
CPT Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
386.32M
-0.33%
-0.24%
Gross Margin
61.70%
146.80%
2.36%
Operating Margin
19.10%
-9.95%
5.00%
Net Margin
11.12%
-80.77%
-1953.33%
EPS
0.37
-81.41%
-1025.00%
No Data Available
CPT Earnings Analysis
Camden Property Trust Corporation (CPT.N) Earnings Conference Call
Positive
Core FFO Exceeds Guidance: Camden Property Trust reported core funds from operations (FFO) for Q4 2024 of $190.4 million, or $1.73 per share, exceeding guidance by $0.03, driven by higher other income and lower operating expenses.
Property Revenue Growth Outlook: The company achieved same property revenue growth of 1.3% in 2024, with top markets like Southern California and Washington DC Metro expected to see revenue growth of 2% to 2.5% in 2025, accounting for over 40% of budgeted revenue.
U.S. Population Growth Trends: Camden's markets captured 58.3% of U.S. population growth, with Texas and Florida adding over 1 million new residents in 2024, indicating strong demand for apartment homes in these regions.
Acquisition of Camden Leander: The company completed the acquisition of Camden Leander, a newly constructed 352-unit community in Austin, for approximately $68 million, currently 85% occupied, purchased at a stabilized yield of 5%.
Strong Balance Sheet Stability: Camden's balance sheet remains strong with a net debt to EBITDA ratio of 3.8 times, allowing for continued investment in growth opportunities and maintaining financial stability.
Negative
Stagnant Revenue Growth: Camden's same property revenue growth was only 1.3% in 2024, with expectations for 2025 to decline further to 1%, indicating a stagnation in revenue generation amidst increasing supply pressures.
Revenue Decline Forecast: Nashville and Austin, which represent 6% of Camden's revenues, experienced negative revenue growth of approximately 3% last year and are expected to decline another 0% to 3% in 2025 due to ongoing supply challenges.
Declining Rental Rates: Rental rates for the fourth quarter showed signed new leases down 4.7%, leading to a blended rate of negative 1.2%, reflecting a concerning trend in rental pricing power.
Projected Core FFO Decline: Core FFO per share for 2025 is projected to decrease to a range of $6.6 to $6.9, representing a $0.1 per share decrease from 2024 results, primarily driven by increased interest expenses and operational costs.
Expense Growth Pressure: The anticipated same store expense growth for 2025 is projected at 3%, outpacing revenue growth expectations, which could further pressure net operating income and overall profitability.
CPT FAQs
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CPT Earning Call Sentiment
Earnings call transcript: Camden Property Q4 2024 misses EPS forecast
CPT.N
-0.21%Positive
The earnings call presents a mixed outlook. While there are positive elements such as a robust transaction market outlook, strong debt management, and a slight outperformance in FFO, there are concerns about flat NOI growth and increased interest expenses. The Q&A reveals some optimism in lease growth but also highlights management's avoidance of direct answers on specific yield targets. The overall sentiment is balanced, with no strong catalysts for significant stock movement.
